The Dark Side of Entrepreneurship

Most of us have dreamed of being your own boss, working and earning to our full potential and not being tied down to anything. But there is only a single way to do this, to take the first step. You need courage and the mindset of an entrepreneur, to test the waters in the ocean of startups.

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Entrepreneurship is not for you if any of these are true

  • Career growth means a new more exciting title and 10 % growth in salary.
  • Life settlement means owning a house, a beautiful wife and two kids.
  • Startups are the topic of conversation at every party or weekend get together but nothing is materialized during the week.
  • You know how to make a quick buck by fooling people, and you think the same tactic can be applied to a startup.
  • According to you the value of one month of your life is not more than one month of your salary.

Even if you take a two week holiday without the approval of your boss, entrepreneurship consider this as one of your strong point, as it is about confronting brutal realities of life where you have to take the risk on a daily basis.

  • You seek an expert’s help to move forward in an unfamiliar work situation and are afraid of challenges.
  • Just because it says there are 90 % chances of failure, you don’t try new things.
  • You dream of being Steve Jobs, but compromise on your ideologies.
  • You know everything and are afraid of learning from your juniors and peers, but learn things from CEOs because that’s the point of being a startup.

Entrepreneurship is for brave hearts

  • You won’t raise money overnight
  • You will lose members on your team
  • You have to be mentally strong
  • Your potential investors will leave your project.
  • Going near cashless becomes routine.

The following show the dark side of entrepreneurship:

You will be unhappy

Entrepreneur are individual who want to ride the next big wave, looking to new ventures, making moves that will come into play months later. This is good for you only if things go according to your plan, the chances that it won’t go according to plan are high and it’s then that unhappiness kicks in. Unhappiness with the result, with the way it’s gone and most important of all, unhappiness in you and your ability.

Relationships will suffer

When riding the next big wave in the market, you need solid focus and the whole board to yourself, because you cannot create room or the mental capacity to look after others on this journey. You will be working till early in the morning, you will get cranky when things don’t go to plan and you will feel like you have a constant itch, which won’t go away.

You will think doing couple things a waste of your time and overall, it’s not fair to make somebody else unhappy whilst you chase your goals.

Insecurity and Self-worth issues

You doubt all the decisions you make, and you won’t find anyone to help you out. This is a side effect of becoming your own boss. You doubt yourself, after continuous failures, you start feeling like you aren’t worthy of anything. Persistence and perseverance are keys to tackling such a situation.

Poor Dietary Situation

You will be working 15-18 hours a day and you won’t have time to sleep completely, exercise or even cook food. You will be surviving on microwave meals or packets of super noodles.

But, we need to take time out of our daily busy situation, since you can get an Eureka moment even when doing seemingly menial tasks.

Have to be Mentally Strong

We have seen enough evidence of people spending and putting on line every penny they owned on a certain idea and making it work, just like any turnaround success stories. But, that’s not how it ends every time, and when that happens you have to be mentally prepared. It is soul destroying to put all of your time, resources and energy into something that doesn’t work on how you imagined it. This is where surrounding you with mentors and people who have experienced this is vitally important.

Sleep Disorder

When you’re pulling 15-18 hours work days in order to deliver a product in time, sleep will take a back seat. There is so much chaos, from customers and employees to family, which you often mess up your sleep schedule. Your own bad sleep patterns began to affect your productivity, so wake up at the same time every day irrespective of when you sleep and you will be able to maintain a routine.

Raising Capital will be hard

Even if you prepare a business plan and chase funding without even having registered an actual company, raising money takes time, preparation, a solid business model and a great time behind the business. Start with what you have, do what you can and then go to raise investment. Investors will respect you if you have a terrible diet and an overdrawn account because you are more passionate about your business and the success of it.

 

Some Reasons to Be Always Thinking Positively

All of us go through stressful, difficult, and unfulfilling times in life sometime. But being happy doesn’t take much more than being positive and thinking positively. Being happy is maintaining a balanced psyche and realizing that you attitude directly affects your mind. Numerous studies have shown that people will positive thinking leads to a positive attitude and that people with positive attitudes live longer happier lives.

 

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Here are some reasons to Stay Positive:

Feel Better: A positive attitude create happiness from inside. You do not have to be rich or achieve goals to be happy, it is a matter of attitude. When you adopt a positive frame of mind you become happy as it does not require external causes to become happy.

It comes from inside you. It’s impossible to be both positive and negative at the same time, and positive energy is contagious, so the more positive you are, the more positive feelings will come.

Motivation:

Thinking positively will help you accomplish dreams and goals, and tasks would be easier to fulfill.

Motivation is a positive quality and a wonderful trait to have. It not only pushes you in a positive direction and helps you overcome obstacles.

A positive frame of mind increases your motivation to succeed and get what you want. It will make you believe you will get what you want. It will also motivate you to achieve more than you expected.

To have a strong motivation is the same as to spread your wings and reach your potential.

Self Esteem

Attitude towards yourself and the way you think about yourself has much to do about yourself. If you have a positive attitude and think good about yourself, you will have a better opinion of yourself, which means a sense of self-esteem.

Choose to look at yourself in a positive frame of mind, and automatically this will increase your self-esteem.

Don’t worry about negative people, and about what people think about you. When you have a positive attitude towards yourself, the people will have a better opinion of you, and would treat you with more respect.

Loving yourself, being good to you, and being happy, are expressions of thinking positively. This attitude would also enhance your self confidence, your courage and your inner strength.

Better Health:  Positive thinking is very beneficial to your health. Scientific studies have shown that people with a good, positive vibe are less likely to suffer from depression and they get ill more rarely than negative thinkers. Positive people suffer from less stress, are more active and have a more positive outlook towards life.

The mind has a strong effect on the body and on health. When you think positively your immune system is healthier, and your body recuperates more quickly.

Improved Relation: When you choose a positive attitude, you will start to notice a lot of positive qualities in people and will not concentrate on the bad. By being conscious of this, you will start to create more meaningful friendships and great relationships. This type of attitude will create a very good and positive atmosphere around you which will attract people towards you.

Positive people bring joy, happiness and uplifting energy, and are fun to be around. They bring light and joy, and energize their environment.

 

Selling Aerated Drinks and Bottled Water Above the MRP May Land Seller in Jail

In order to stop vendors from selling cold drinks at prices higher than MRP, Consumer Affair Minister Ram Vilas Paswan has warned of high penalty and even a jail term.

 

Selling Bottled Water at Prices over MRP At an event commemorating the 47th World Standards Day in Delhi, the minister said that packaged water is sold at prices at 10-20% higher than the selling price in some place and sometimes the MRP is not even mentioned.

According to the law, one can be punished with a fine of Rs 25,000 on the first offence and Rs 50,000 for the second. For subsequent offenses, a fine of Rs 1 lakh can be imposed which could also lead to a jail term.

In a current case, the apex consumer forum has imposed an exemplary cost of Rs 1.56 lakhs for charging a customer Rs 5.5 over the MRP for a cold drink.

The National Consumer Dispute Redressal Commission imposed the cost reiterating earlier judicial rulings barring hotels and eateries from charging above the MRP. The hotel opposed the plea made by the complainant contending that it took the additional amount as service charges for various facilities.

The Consumer Affairs Minister Ram Vilas Paswan said that water bottles are mostly sold at higher rates in airports and multiplexes despite court orders. He urged consumers to be more alert and file complaints in such situation.

“Consumers need to be more aware and file complaints. If there is not complaint, how can we take action?” the minister observed.

Earlier in February, the apex consumer commission had also imposed a fine of Rs 5 lakh on a multiplex in Jaipur for selling packaged drinking water at more than maximum retail price and dismissed its plea challenging a state commission order penalizing it.

Consumer affairs ministry officials said now with more options available to lodge complaints through online mediums, people should register their grievances.

“We have been pursuing people to demand receipt of whatever they buy so that it can be a proof to file a complaint” said an official.

 

Innovators in Delhi Create Water ATMs to Dispense RO Water at Cheaper Prices

An innovative mobile dispensing machine was developed named ‘Pilo’, which delivered 1 liter of water for Rs 5 or 250 ml of water for Rs 2. It was installed nearly a month ago outside the Botanic Garden Metro Station, making a splash. Launched by 4 members of IITians which included Jatin Ahlawat, Parveen Singh, Ajay Yadav, and Mohamad Yunus Ansari who are engineers, automation experts, water technology experts and social workers.

Pilo Water Purifiers provide RO Water at Cheaper Rate

When they saw the plight of most Delhiites they decided that they would build drinking water ATMs – water vending machines that is purified using Reverse Osmosis Technology at a cost that everyone can afford.

The project has the backing of Noida Authority, which has also given an in-principal approval for its expansion already. According to Noida Authority officials, there are plans to install more such machine ATMs early next year.

“We expect to scale up the project in the coming months in terms of number of machines and locations. Through this technology, the public can now get clean drinking water by swiping their smart cards in the machines.”

As a member of the team, Vivek Malik explains, “RO purified water is the safest and purest form of drinking water. But the major roadblock is the wastage. The usual rate of wastage in RO filters is as high as 40-50%. We decided on Zero Liquid Discharge technology, where 95% of the input water is made available for consumption. This helped us reduce the wastage cost.”

Since a large section of the population still does not have access to clean drinking water, and the aim of the project is to provide it at a reasonable cost while being environment-friendly. Ajay Yadav also added, “The machines are solar powered, the paper cups and residual water after Reverse Osmosis are recyclable. The plan is to make the dispenser self-sustaining. The revenue earned will be used to meet the running expenses of the RO plant, salary of the operator, electricity and maintenance.”

Pi-lo has a real time water quality display, something that no one in the country has, it displays the purity of the water, the TDS count, temperature and ph level of water and display these for the users in real time. According to Vikas, if the purity of the water falls below the standards, the machine shuts down and will not dispense water. And the fact that the company in obsessed with quality.

The Noida and Delhi Authority has installed the vending machines are located at 80 locations, including 28 metro stations in Delhi-NCR. These coin-based self-service kiosks dispense close to 10,000 liters of pure water every day.

‘Unschooled’ Mumbai teenager Malvika Makes it to MIT On Basis of Her Olympiad Medals

Mumbai teenager Malvika Joshi doesn’t have a class X or class XII certificate, but she has made to the prestigious Massachusetts Institute of Technology (MIT), thanks to her computer programming talent.

MIT Campus

She was home schooled after the VII standard – that is to say that she wasn’t schooled like other students her age, and she did not give the 10th and 12th Standard board exams either.

The Mumbai teenager has been offered a scholarship by MIT as she is pursuing an education in Bachelor of Science degree after getting a seat for being a three-time medal winner at International Olympiad of Informatics. MIT has made a provision for medal winners in the Olympiad (Math, Physics or Computer) to get accepted into this institute, and it was Malvika’s medal that ensured that she can fulfill her aspirations of pursuing research work in her favorite subject – Computer Science.

When she was unschooled, 4 years back, she explored many subjects and found programming interesting. She was unable to get admission into IITs among other elite institutes because of its requirement to pass class XII exams. The only institute which she got admission was the Chennai Mathematical Institute (CMI) where she was enrolled M.Sc. level course as her knowledge was on par with B.Sc. standard.

“My husband Raj wasn’t convinced initially as it was a risky proposition. The kids won’t have a 10th or 12th standard certificate and there was bound to be fear. I quit my NGO job and designed an academic curriculum for Malvika. I created a simulation (classroom like situation) at home. The confidence I had as a mother was that I am capable of imparting knowledge in my daughter’s.” but it worked. “Suddenly I saw that my daughter was so happy. She was learning more than ever- from the time she woke up to the time she was off to sleep. Knowledge became a passion.”

She also went on to represent India three times in the Programming Olympiad. Madhavan who prepared Malvika for all three Olympiads, elicited on her brilliance. “During the past three years she spent extensive periods at CMI acquiring the background in mathematics and algorithms that she needed to excel at Informatics Olympiad. As part of this training for IOI, she had to fill in unexpected gaps in her education arising from the fact that she had not been formally enrolled in school.”

 

8 Career Moves Smarter Than A MBA

For everyone who wants to improve their business acumen, increase their personal brand or become more competitive in the current market consider getting an MBA at certain times in their career.

8 moves Smarter than MBA

In today’s market grades don’t matter that much since if you are talented, you can find a job even with minimal qualification.

Tuition and Fees for a two year degree program at a top private college would cost you anywhere up to $130000 in total, if you make $50000 a year that would still take some time to repay. If your expenses are still $45000, the expenses would add up to $90000 for the whole term.

So, a total of $220000 would be the cost of an MBA from any top private college, and even though a MBA can improve your pay by another $11,586 a year. This would only add up to $1.6 Million by the time you retire. If you put the same money of your fees and tuition into a fund you will earn up to $2.1 Million by the time you retire in 40 years.

Anyway, the choice is yours but here are 8 things you can do if you do not join a MBA program:

Open up your Own Business

If you open your own business, the best possible option available to you, you would become your own boss. This would improve your Self Confidence and you would learn more from this experience than if you would get an MBA. At the worst scenario, you will close down your business. But this will give you an insight about the Business management focus which you need to concentrate on.

Develop Strong Sales Skills

Sales are the heart of capitalism, and without it there would be no exchange of goods and services, without which the only exchange would be through taxation and robbery.

Even Mediocre performers who have good sales skills outperform great performers with mediocre sales skills.

This is especially true for entrepreneurs who have an idea to sell to the world, but if you do not have the required skills in selling, and then no investors, customer or talented employee would be attracted to the idea.

With a small portion of MBA Program which include courses on sales and more prestigious program avoid this subject altogether as the belief that marketing trumps sales every time.

Gain Fluency In Another Language

Learning another regional language or foreign language is not only exciting but also beneficial. While this may seem a lot of work, it shouldn’t be difficult to achieve fluency in two years if you spend a few hours per day.

The easiest option to consider even though it is complex would be Mandarin since majority and largest manufacturer of consumer goods. Conversing with Chinese Based businessmen in their native language will give you a distinct advantage over competitors who must use translators.

Write a Book

Writing a book, talking about your personal experience or interests can be a fruitful experience. Don’t get mixed up in terms and consider getting the ‘best-selling’ title as the difficult part. Virtually anyone can get on the New York Times or Wall Street Journal bestseller list if they can get enough friends and business associates to buy 2,500 or so advance copies.

Even if $25 was the list price on the book, pre-ordering 2,500 books would come to $2,500. Round that up to an even $75,000 for gifts to your compliant associates and you are still spending a fraction of what an MBA costs.

When it comes to actually writing the book, you can hire a ghostwriter at 50 cents per word and that would only come up to a $25,000 which would come to $100,000, again less than the cost of the MBA.

Even if you write, publish and promote the book yourself and don’t try to game the bestseller lists, a published book is world’s most effective business card.

Join a Startup

You get to experience a little bit of everything while working at a Startup. From handling back end to front end to marketing and promotion, you would get to do it all. Entrepreneurs are some of the best people to learn from and people who work in a startup have a very different mental and professional from of mind.

You can also tutor yourself the ins and outs of an MBA program. You would require a variety of topics in an MBA program, while home tutoring yourself, you are free to cater to your interests. Strategy and marketing, industry-specific lectures, leadership, and public speaking are a few basic attributes that must be learnt in order to have a secure future.

Learn to Code

Learning to code has become a business fad of lately, but it can be a fact that it’s a skill that can positively ripple through everything that you do in business.

Coding requires logical and organized thinking. It forces you to break down something complex into smaller, simpler, discrete chunks, in order to maintain quality and, time and resource management.

Coding also requires you to learn how to create subroutines and place it in various lines of code, otherwise it would mean to update bits of code that do the same thing in multiple places in the program.

Technical programming languages influence the way people think. Quite aside from the technical jargon, understanding a technical discipline makes it much easier to understand and empathize with engineers.

Become a master Storyteller

In this current information age, people are drowning in information. Information has turned from a competitive advantage into a huge burden. Far from becoming an information economy we have moved into an storytelling economy.

People do not want information but want to understand how you, your company and your product fit into their lives.

Most businesspeople know how exactly how to throw data into a spreadsheet and slag a graph into PowerPoint, but few know how to tell a good story.

Pursue a Certification Course

There are tons of courses to choose from both in India and Abroad, which could be highly relevant to your business career. Pursuing an MA or MS instead of an MBA, could also be a great idea since it’ll provide a greater niche in the subject of your choice. These master’s programmers generally add a direct and a more meaningful connection to venture capitalists or small business incubators.

An MBA could be a great professional tool if you know exactly what you want to do with it. I would suggest that you be proactive and study practical alternate development programs rather than going for the text-book knowledge.

 

 

Court Says Blaming Husband to Get Seperated From His Parents, Amounts To Cruelty: SC

The Supreme Court of India in Narendra vs K. Meena has held that persistent effort of the wife to constrain the husband to separate from the husband constitutes an act of ‘cruelty’ to grant divorce.

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The Bench comprising of Anil R. Dave and Justice L. Nageswara Rao also held that leveling of absolutely false allegations with regard to extra-marital life and repeated threats to commit suicide would also amount to ‘mental cruelty’. The Supreme Court set aside a High Court judgement which had reversed the Trial court order granting divorce to the husband on ground of cruelty.
Repeated Threats to Commit Suicide
Observing that this would considered an act of cruelty, the Court observed: “No husband would ever be comfortable with or tolerate such an act by his wife and it the wife succeeds in committing suicide, then one can imagine how a poor husband would get entangled into the clutches of law, which would virtually ruin his sanity, peace of mind, career and probably his entire life. The mere idea with regard to facing legal consequences would put a husband under tremendous stress.”
Forcing Seperation From Parents
With regard to allegations of cruelty in wife forcing husband to get separated from his parents, the Bench observed: “In normal circumstances, a wife is expected to be with the family of the husband after the marriage. She becomes integral to and forms part of the family of the husband and normally without any justifiable strong reason; she would never insist that her husband should get separated from the family and live only with her… . If a wife makes an attempt to deviate from the normal practice and normal custom of the society, she must have some justifiable reason for that and in this case, we do not find any justifiable reason, except monetary consideration of the Respondent wife. In our opinion, normally, no husband would tolerate this and no son would like to be separated from his old parents and other family members, who are also dependent upon his income.”
Allegations of Extra marital Affairs
The Court observed that to suffer an allegation pertaining to one’s character of having an extra marital affair is quite torturous for any person.
Restoring the judgment of Trial Court, the Bench said: “The behavior of the wife appears to be terrifying and horrible. One would find it difficult to live with such a person with tranquility and peace of mind. Such torture would adversely affect the life of the husband.”

Two Suicide Bombers Blow Themselves Up In Turkey When Stopped By Police

Two suicide bombers detonated explosive, killing themselves near the Turkish Capital of Ankara, after police called them to surrender, according to CNN Turk.

The two bombers, a man and a women were part of the PKK (Kurdistan Workers Party) which has been named as a Terrorist Group by Turkey, the United States and European Union.

Bomb explosion in Turkey

They were in possession of plastic explosive and 200 kg of ammonium nitrate. According to news report both of the terrorists were planning to carry out an car bomb explosion when they were stopped by police on the road from Ankara to the town of Haymana.

The PKK has fought an insurgency war in Kurdish southeast Turkey for three decades. The leftist and Islamists militants have carried out bombings in Turkey in the past with the Islamists being blamed for some recent attacks.

Adding these Contacts will Help Ensure Your Phone Never AutoCorrects ‘Fuck’ to ‘Duck’

While growing up ‘Shit’ was the term used for everything. If someone asked you how your exam went. You would nonchalantly answer ‘Shit’. It was used for every feeling whether it was happiness, disgust, surprise or anything. Now this term has been replaced by ‘fuck’.

Replace Fuck for Duck-Never

Now that the relevance has been explained, it can totally sense the number of times we use this word while texting and the phone auto correct it and fails to recognize the word.

Replace Fuck with Duck- Never

The only response to this is a weird method, to add ‘fuck fucker’ and ‘fucked fucking’ to your iPhone contacts which will make your iPhone much cooler and this solution works on Android Phones too.

Replace Fuck with Duck

Seriously speaking most of you would consider why you hadn’t added this as some contacts in your phone.

Sardar Joke: a Common Work Place Habit, Could lead to Rustication from College

In a proposal made by a committee, Cracking Sardar Jokes is a crime against Sardars. Not the normal kind of crime, but assuaging Negative Stereotypes against Sikhs may lead to rustication from educational institutions.

According to the same committee headed by the Supreme Court, judge H S Bedi said that stereotyping Sardar Kids as intellectually inferior should be considered equivalent to ragging.

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And the report also ratified repeated offenders should be dealt with a heavier punishment like rustication from educational institutions.

The same report proposed the setting of an anti-ragging committee in schools and colleges to deal with habitual offenders. It also said that there should be strict action taken against repeated offenders towards kids from Sikh Community by lodging criminal cases against the offender.

The report said that such ragging affects the psychology of the student and should be dealt with strictly.

The Delhi Sikh Gurudwara Management Committee had appointed Justice Bedi for this reason. They wanted to counter racial discrimination against Sikhs, was to frame guidelines for Sikh community to counter discrimination they face everywhere.

The Sikh community for years has felt the negative stereotypes have negated the positive traits of the community and demoralized them.